THE ADDRESS AT THE STREET READS: 45114 ELM AVE. GREAT LOOKING PROPERTY, PERFECT FOR THE CASH BUYER INVESTOR SEEKING CASH FLOW. ONE UNIT (3+2 house) PAYS $1,450/mo, SECOND UNIT PAYS $750/m AND THIRD UNIT PAYS $750/mo. THE TENANTS STAY WITH THE PROPERTY AT TIME OF PURCHASE. EACH UNIT HAS IT'S OWN UTILITY METER FOR GAS AND ELECTRIC. HOWEVER, THEY ALL SHARE THE WATER METER. THERE ARE LAUNDRY HOOK UPS IN THE FRONT HOUSE A 3+2 UNIT. THERE ARE NO LAUNDRY FACILITIES FOR THE TWO 1+1 UNITS. THE FRONT HOUSE HAS TWO OFF STREET PARKING SLOTS. THE TWO 1 BEDROOM UNITS EACH HAVE ONE CARPORT STALL. SPECIFICS: rent per unit - HOUSE $1,450, STUDIOS AT $750 & $750 A MONTH; last date of rent increase - EVERY FEB EACH YEAR; are tenant current with rents - YES; and what expenses are paid by landlord other than taxes and insurance - WATER AT $50/MO & TRASH AT $50/MO; the approximate size of each unit - House is about 1125q ft, other two units are each about 300 sq ft. The square footages are estimates and buyer to rely on own findings. The buyer must be responsible for own investigations as to size of dwellings and lot. Seller will only accept ALL CASH OFFERS OR 40% DOWN MINIMUM as this property must be bought with existing tenants, however, the tenant in the front house is supposed to vacate by end of March 2023. THE GARAGE CAN BE CONVERTED INTO TO ADU'S, HOWEVER THE BUYER IS TO VERIFY THIS WITH THE LOCAL BUILDING AND SAFETY DEPARTMENT, BUT ONCE APPROVED THIS WOULD CREATE MORE INCOME. THE ROOF ON THE MAIN HOUSE IS NEW. THE TENANT IN THE MAIN HOUSE HAS A CONTRACT THAT EXPIRES IN JUNE 2023 SHOULD BUYER WANT TO RESIDE ON SITE OR DO SOMETHING ELSE WITH THE MAIN DWELLING.
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Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 27th March, 2023 1:31 PM (UTC)
Listing Agent: Michael Green
Listing Office: Michael Green Realty & Inv.